Amalgamated Bank Has $4.24 Million Stake in Carlyle Group Inc. (NASDAQ:CG)

Amalgamated Bank decreased its position in Carlyle Group Inc. (NASDAQ:CG) by 4.0% in the first quarter, HoldingsChannel reports. The firm owned 97,212 shares of the financial services provider’s stock after selling 4,054 shares during the period. Amalgamated Bank’s holdings in Carlyle Group were worth $4,237,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Carlyle Group by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 23,161,423 shares of the financial services provider’s stock valued at $1,169,420,000 after purchasing an additional 180,757 shares in the last quarter. Capital World Investors raised its holdings in shares of Carlyle Group by 0.3% during the 4th quarter. Capital World Investors now owns 19,778,358 shares of the financial services provider’s stock valued at $998,609,000 after purchasing an additional 50,784 shares in the last quarter. William Blair Investment Management LLC raised its holdings in shares of Carlyle Group by 15.5% during the 4th quarter. William Blair Investment Management LLC now owns 13,249,941 shares of the financial services provider’s stock valued at $668,990,000 after purchasing an additional 1,773,465 shares in the last quarter. Boston Partners raised its holdings in shares of Carlyle Group by 7.1% during the 4th quarter. Boston Partners now owns 7,102,085 shares of the financial services provider’s stock valued at $358,687,000 after purchasing an additional 467,767 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of Carlyle Group by 201.4% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 6,351,432 shares of the financial services provider’s stock valued at $320,684,000 after purchasing an additional 4,244,131 shares in the last quarter. Institutional investors and hedge funds own 55.88% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on CG shares. Keefe, Bruyette & Woods raised their price target on shares of Carlyle Group from $43.00 to $45.00 and gave the company a “market perform” rating in a report on Monday, May 12th. JMP Securities cut their price target on shares of Carlyle Group from $62.00 to $58.00 and set a “market outperform” rating on the stock in a report on Tuesday, April 8th. TD Cowen upgraded shares of Carlyle Group from a “hold” rating to a “buy” rating and set a $56.00 target price on the stock in a research note on Wednesday, May 14th. Citigroup lowered their target price on shares of Carlyle Group from $55.00 to $39.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 8th. Finally, Bank of America lowered their target price on shares of Carlyle Group from $47.00 to $46.00 and set an “underperform” rating on the stock in a research note on Friday, April 4th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Carlyle Group has a consensus rating of “Hold” and an average price target of $53.00.

Carlyle Group Price Performance

Shares of Carlyle Group stock opened at $55.59 on Friday. The company has a debt-to-equity ratio of 1.56, a quick ratio of 2.36 and a current ratio of 2.36. The firm’s 50-day simple moving average is $45.68 and its 200-day simple moving average is $46.74. Carlyle Group Inc. has a twelve month low of $33.02 and a twelve month high of $57.50. The firm has a market cap of $20.08 billion, a P/E ratio of 18.84, a price-to-earnings-growth ratio of 1.17 and a beta of 1.86.

Carlyle Group (NASDAQ:CG) last announced its quarterly earnings results on Friday, May 9th. The financial services provider reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.17. Carlyle Group had a net margin of 19.00% and a return on equity of 23.78%. The firm had revenue of $973.10 million during the quarter, compared to the consensus estimate of $972.27 million. During the same period last year, the firm posted $1.01 EPS. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. As a group, research analysts expect that Carlyle Group Inc. will post 4.48 EPS for the current fiscal year.

Carlyle Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Monday, May 19th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.52%. The ex-dividend date of this dividend was Monday, May 19th. Carlyle Group’s dividend payout ratio is currently 47.46%.

Carlyle Group Company Profile

The Carlyle Group Inc is an investment firm specializing in direct and fund of fund investments. Within direct investments, it specializes in management-led/ Leveraged buyouts, privatizations, divestitures, strategic minority equity investments, structured credit, global distressed and corporate opportunities, small and middle market, equity private placements, consolidations and buildups, senior debt, mezzanine and leveraged finance, and venture and growth capital financings, seed/startup, early venture, emerging growth, turnaround, mid venture, late venture, PIPES.